- 29 Sep 2023 06:48 PM
- New
Data recap: Jobs market, government debt, GST claims, and more
Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The Centre has stuck to its borrowing plans for the second half of the current financial year, while a report released last week showed a high level of self-employment among women since the pandemic. Meanwhile, high claims under goods and services tax (GST) from gaming firms have raised eyebrows.
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- 29 Sep 2023 06:51 PM
- New
Advisory: Temporary/Short Period Pause in e-Invoice Auto Population into GSTR-1
Temporary Pause in e-Invoice Auto Population in GSTR-1: Important Advisory
In a recent development, the Goods and Services Tax Network (GSTN) has issued an advisory regarding a temporary pause in the auto-population of e-Invoice data into GSTR-1. This pause is a result of essential system upgrades aimed at enhancing the overall functionality of the GST ecosystem. In this article, we will delve into the details of this advisory and its implications for taxpayers.
- 26 Sep 2023 05:23 PM
- New
Mint Primer: Unraveling DGGI's hefty tax notices to online gaming startups
The Directorate General of GST Intelligence (DGGI) is gearing up to issue extensive tax demands to firms in the online gaming sector, with some demands reportedly up to 16 times the initially computed taxes paid by these firms and, in some instances, exceeding 10 times their annual revenue, according to sources familiar with Mint. Why is the body making these claims, and are they substantiated? Mint explains
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- 26 Sep 2023 05:18 PM
Dream11 challenges ₹40,000 Cr GST evasion notice in Bombay High Court: Report
Dream11, headed by Harsh Jain, has apparently followed in the footsteps of Gameskraft by resorting to legal action in response to a show cause notice from tax authorities.
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- 26 Sep 2023 05:30 PM
The ghost of Vodafone's retro taxation returns to haunt India's gaming sector
The spate of notices served by the Directorate General of GST Intelligence to online real-money gaming companies over goods and services tax dues of about ₹55,000 crore are reminiscent of the Vodafone direct-taxes saga. The notices include a GST notice for over ₹25,000 crore to fantasy sports platform Dream11, according to a report in the Economic Times, which also said the total demand could be ₹100,000 crore or more.
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- 25 Sep 2023 05:25 PM
Northeast biggest beneficiary of GST: Nirmala Sitharaman
Sitharaman said that the northeast has benefitted from the emphasis given by the government on infrastructure creation and connectivity improvement
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- 25 Sep 2023 05:32 PM
GST evasion case: More than 100 online gaming firms likely to be investigated, says report
In a move to increase their hold against tax evasion by online gaming companies, now officials are looking to launch investigations against 100 more online gaming firms for eveasion of GST as reported by Business Today.
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- 23 Sep 2023 05:55 PM
Why Delta Corp shares will be in focus next week — explained
Stock in focus: Delta Corp shares will be in focus next week as the Indian casino major has received intimation for payment of shortfall tax to the tune of ₹11,139 crore ( ₹1,11,39,61,03,423 exact figure). The Directorate General of GST Intelligence, Hyderabad has issued notice to the company in this regard. Delta Corp informed about the receipt of intimation in its exchange filing on Friday.
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- 22 Sep 2023 06:01 PM
Axis Bank launches ‘NEO for Business’. What is it? Features, and other details here
Axis Bank has launched ‘NEO for Business’: The platform offers a range of features including digital self-onboarding, bulk payments, GST-compliant invoicing, and payment gateway integration.
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- 22 Sep 2023 06:09 PM
Advisory on Issue of B2B e-Invoices for Government Supplies
Source: https://taxguru.in/goods-and-service-tax/advisory-issue-b2b-e-invoices-government-supplies.html
The National Informatics Centre has issued a crucial clarification regarding the issuance of Business-to-Business (B2B) e-invoices for supplies made to government departments or agencies. This clarification aims to provide insights into the applicability of e-invoicing rules and compliance for transactions involving government entities.
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